RSB Retail India Limited, formerly known as R S Brothers Retail India Limited, based in Hyderabad, has filed a draft red herring prospectus (DRHP) with Sebi for an IPO aiming to raise funds. The proposed IPO values at around Rs 1500 crore, comprising a mix of fresh equity shares issue and offer for sale. Major selling shareholders for OFS include the company promoters and others. The retailer plans to utilize the IPO funds for debt repayment, new store setups, and general corporate purposes. With 73 stores in 22 cities across three South Indian states, RSB Retail operates through key store formats like R S Brothers, South India Shopping Mall, and more. Established in 2008, the journey of RS Brothers began in 1999 in Hyderabad. Motilal Oswal Investment Advisors Limited, HDFC Bank Limited and IIFL Capital Services Limited are the lead managers.